With investment from Binance Labs, will Moonwalk spark the next wave of movement?
Essentially, it is my self-discipline that allows me to earn money through the laziness of others.Author: Fu Ru He, Odaily Planet Daily
After the popularity of StepN, health and fitness Web3 applications have emerged one after another, but few projects can surpass the success of StepN, mainly because most applications lack innovation.
In this context, Moonwalk recently announced that it has raised $3.4 million in a seed round led by Hack VC, with other participants including Binance Labs, Reciprocal Ventures, Bonk, and Solana co-founder Raj Gokal. Does it have unique features that could spark a fitness wave like StepN?
To this end, Odaily Planet Daily will elaborate on the basic gameplay of Moonwalk and its expectations for future token issuance.
Fitness requires self-discipline; if self-control is poor, use "real money" to impose constraints
Moonwalk is a fitness application on the Solana chain that combines a token reward and penalty mechanism to help users achieve their daily step goals. By creating private or public games, users can set daily step targets and stake cryptocurrencies such as USDC, SOL, or BONK, ensuring that users have the economic incentive to achieve their goals.
Specific gameplay of Moonwalk:
- Users need to complete account registration as required, with the option to register via Google or a wallet. It is worth noting that registering through Google will help you create a Tiplink wallet. The author recommends creating an account using MetaMask, OKX wallet, or Phantom to avoid cumbersome transfers later.
- Currently, Moonwalk uses an invitation code for access, and completing the corresponding registration is sufficient. We provide an invitation code: a4efjfko.
Users with different phone types need to download the dedicated application from the app store, including Moonboots (dedicated iOS app), Google Fit, or FitBit. The author believes that Moonboots is more convenient for data collection, while Google Fit requires manual synchronization every day and the project team needs to connect with Google account information.
After completing all the basic operations, users can choose a competition pool to enter. Different competition pools have different entry thresholds, and creators can freely choose the corresponding tokens, set daily step counts, and determine competition duration. However, it is important to note that participation in the competition pool must be within its restricted time frame, selecting according to one's own time zone each day, and not entering midway, as this may result in the first day being counted as incomplete, leading to the deduction of the corresponding staked tokens.
- After choosing to participate in a single competition, users can see the dashboard of all participants, allowing them to see how many people did not complete the daily challenge and thus calculate rewards.
In simple terms, Moonwalk is very similar to the previously popular fitness groups or smoking cessation groups, where participants face penalties if they do not meet previously set requirements. In Moonwalk, the penalty is the staked tokens, which are evenly divided according to the competition duration. For example, if a user deposits 10 SOL and the competition lasts for 5 days, if the user fails to complete the task on one day, only 2 SOL will be deducted. The remaining amount will still be returned.
In addition, in Moonwalk, users can participate in private or public games. Private games are suitable for interacting with friends in a closed environment, while public games allow users to join larger communities, increasing social interaction. Games can also be sponsored, providing additional rewards to encourage participants to achieve their fitness goals more actively.
Essentially, Moonwalk is not a GameFi but a costly fitness planning application, where users impose constraints on themselves to achieve their goals by investing "real money." If participants in a single competition complete their tasks, excluding sponsorship support, no one will profit, but they will achieve the project's fitness objectives to a certain extent.
Expectations for Future Token Issuance
From the above content, Moonwalk's gameplay is quite monotonous, only measuring steps as the indicator, and the competitions do not offer many additional rewards, making it less attractive. If Moonwalk is merely seen as an application to constrain one's exercise, its future development space is not "sexy."
However, in July of this year, Moonwalk launched a leaderboard mode, combining it with an XP (experience points) system to provide users with a fitness experience that has potential incentives. By participating in activities, achieving step goals, and recommending friends, users can earn experience points and improve their rankings on the leaderboard, thus unlocking future rewards. The author speculates that these future rewards should be token incentives.
Moonwalk's Ascent system features two main leaderboards, allowing users to clearly see their achievements and rankings:
- XP Leaderboard: This leaderboard tracks the total XP users earn from various activities, showcasing their overall performance in the Moonwalk Fitness community.
- Competitive XP Leaderboard: This focuses on users' performance and success in specific games, reflecting their rankings in competitive competitions. This leaderboard encourages users to perform better in games, thereby improving their rankings.
Strategies to Increase XP
To climb the leaderboard, users need to develop effective strategies. Here are several ways to increase XP:
- Continuously achieve step goals: Ensure that you reach the daily step goal in each competition, which is the basis for earning XP.
- Participate in multiple games: By participating in multiple competitions simultaneously, users can significantly increase their chances of earning XP. The more competitions you participate in, the more XP you earn.
- Create and host games: After participating in at least three competitions, you can create your own game. Attracting more participants will earn users more XP.
- Recommend active users: Recommend Moonwalk to friends who have the potential to actively participate in games.
Overall, while Moonwalk's current gameplay is relatively simple, it is still in the early stages; at the same time, the user participation threshold is low, and as long as users complete daily goals according to the rules, they can participate with minimal loss. Moreover, by introducing leaderboards and an XP system, Moonwalk provides potential incentives for users to participate in the project in anticipation of future token issuance.
